Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office, but only briefly addresses the central…
Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the Board of Governors itself as defendants. Trump said Monday that he was removing Cook because of allegations that she committed…
European stock markets opened higher on Thursday, as investors assess an above-consensus quarterly earnings report from tech giant Nvidia. The U.S.-listed firm, which makes products for tech giants including Microsoft, Google, Meta and Amazon, said sales growth this quarter will remain above 50% in a sign of the continued resilience of the artificial intelligence boom….
Ryosei Akazawa, Japan’s economic revitalization minister, speaks to members of the media at the Japanese embassy in Washington D.C. on June 6, 2025. Bloomberg | Bloomberg | Getty Images Japan’s top trade negotiator Ryosei Akazawa canceled a trip to the United States on Thursday over issues related to the U.S.-Japan trade deal. In a statement,…
White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser, Kevin Hassett, said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central…
Long-term U.S. Treasury yields continued to move higher on Wednesday following the latest effort by President Donald Trump to take charge of the Federal Reserve. The 30-year Treasury yield rose 4 basis points to 4.948%, and the 10-year Treasury yield was more than 2 basis points higher at 4.281%. The 2-year yield was lower by 3 basis…
European markets are heading for a higher open Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia. The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon. Its value…
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with German Gref, the CEO of Russia’s largest Sberbank, in Moscow on July 29, 2025. Mikhail Metzel | Afp | Getty Images Russia’s beleaguered economy, with its slowing growth and widening budget deficit, could be one push-factor when it…
Leisure travel to the United States is down this year, but business travel to the country remains stable, according to a report from SAP Concur. The United States was the top destination for global business travelers in the first half of 2025, according to the report. Some 15% of all business air travel bookings were…
Bombay Gate Gateway of India, Mumbai Arutthaphon Poolsawasd | Moment | Getty Images Asia-Pacific markets mostly fell on Wednesday after Wall Street gained overnight. India’s markets will also be in focus as the U.S. tariffs take effect. The country currently faces additional tariffs of up to 50% on exports to the U.S., after the Trump…
